SBI Cards & Payment Services Ltd News

SBI Card declares ₹2.5 interim dividend, appoints Salila Pande as MD & CEO

SBI Cards and Payment Services on Monday said its board has appointed Salila Pande as the Managing Director & CEO with effect from April 1, 2025. The appointment of Pande, who has been nominated by State Bank of India, will be for a period of two years, SBI Card said in a filing to the BSE. The board has approved the appointment of Pande pursuant to the superannuation of Abhijit Chakravorty from the services of State Bank of India from March 31, 2025, it said. Pande is a Chief General Manager at the State Bank of India. She is a career banker and had joined the SBI in 1995 as a probationary officer, and has been with the country's largest banking group since then. Pande is a post graduate in physics, a Certified Financial Risk Manager (FRM by GARP, USA) and a Certified Associate of the Indian Institute of Bankers. Shares of SBI Cards and Payment Services Ltd closed at Rs 853.75, down 0.56 per cent over previous close on the BSE.

Macquarie upgrades SBI Card to 'Outperform'; share price soars 5% on BSE

SBI Card share price: SBI Card stock moved up by 6.1 per cent in the intraday trade to hit a 52-week high of Rs 866.85 on the BSE. This was the stock's highest level in 18 months

Bajaj Finance, UPL, IndusInd among overbought stocks as Nifty bounces back

Technically, a RSI reading above 70 is considered overbought for the stock, which could mean the stock may consolidate or correct in the near-term; but not necessarily fall.

Eicher Motors, Marico, SBI Cards, UBL, Zensar from BSE500 hit 52-week highs

The increase in the NIL income tax slab to Rs 12 lakh is a major relief for the middle class, boosting both consumption and savings.

SBI Card's credit costs pinch Q3 earnings; analysts in wait-and-watch mode

SBI Card share price: SBI Card's profitability was tepid in Q3FY25, driven by elevated credit costs, subdued margins, weak revolving mix, regulatory headwinds on fee income, and rising delinquencies

SBI Card Q3 results: Net profit falls 30% to Rs 383 crore, revenue flat

Profit after tax fell 30 per cent to Rs 383 crore ($44.3 million) for the three months ended Dec. 31, compared to analysts' average expectations of Rs 459 crore

Brokerages bullish on SBI Card on hopes of credit cost moderation

Credit cost of the company rose to as high as 9 per cent in Q2FY25 from 5.6 per cent in Q3FY23

Nomura, Nuvama say 'Buy' SBI Card shares; upgrade stock on these reasons

SBI Card share price: Nomura and Nuvama Institutional Equities have upgraded SBI Card share to 'Buy' from 'Reduce'

SBI Card Q2 results: PAT drops 33% to Rs 404 cr as bad loan provisions rise

SBI Card, backed by India's largest lender State Bank of India, said that write-offs and provisions for bad loans jumped 63 per cent to Rs 1,212 crore for the quarter

SBI Card, SDBL, BoB; top stocks by Jigar S Patel of Anand Rathi for Oct 7

After peaking around 817, SBICARD saw a steep drop of nearly 78 points, marking a significant decline of around 10 per cent in its value